Nation to remain world's top steelmaker this year

China is set to remain the world's top producer and consumer of steel in 2025, driven by strong demand from industries like new energy vehicles, household appliances and shipbuilding despite an expected slight dip in overall demand, said the China Iron and Steel Association.

CISA said there will be rising demand for critical steel materials such as high-quality special steel — special steel varieties with higher performance, longer lifespans, environmentally friendly characteristics, high-tech content and higher added-value special alloys for high-end equipment.

The association said that while steel demand is expected to continue decreasing this year, the rate of decline is likely to narrow.